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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Typically, it’s best to list it at market value to recoup as much money as possible. The process. The timeline.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Home equity conversion mortgage. Home equity conversion mortgage.

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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2%

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Can You Get a Comparative Market Analysis For Free, No Strings Attached?

HomeLight

The agent searches the Multiple Listing Service (MLS) for current and previous listings over the past three to six months , depending on market conditions. They’re looking for how long homes like yours took to sell and the difference between their list prices and their sale prices. These properties are known as “comps.”

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

This is because when the seller down the street falls behind on payments and has to sell at below market price in order to avoid foreclosure, it affects the asking price for everyone else’s property on the block. Preforeclosure and short sales are more common. Even a few bank-owned homes are starting to show up in the MLS.

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Selling a House ‘As Is’ in Washington State

HomeLight

Median sales price in Washington State. Median days on market for Washington. MLS has field to mark a listing “as is”? Not in Northwest MLS, the largest MLS in the region ; agents instead will include “as is” in the property notes. 638,000 (March 2022). Disclosures. Seller Disclosure Statement.

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Selling a House ‘As Is’ in Wisconsin

HomeLight

Median sales price in Wisconsin. Average days on market for Wisconsin. 46 Days (from listing to contract). MLS has field to mark a listing “as is”? But if it’s 80 to 95 percent of what it should be, it could be a great house to put some sweat equity into.”. 265,501 (April 2022). Disclosures.

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